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Pure Global Cannabis Announces Board Change

TORONTO, Oct. 18, 2019 (GLOBE NEWSWIRE) -- Pure Global Cannabis Inc. (TSX.V:PURE; OTC: PRCNF)  (the “Company” or “Pure Global”), an integrated growth-oriented cannabis manufacturing company, operating through its wholly-owned subsidiary PureSinse Inc., a Licensed Producer under the Cannabis Act, announces that Mr. Brian O’Neill has informed the Company of his resignation from the Company’s board of directors effective October 16, 2019. Pure Global wishes to express its appreciation to Mr. O’Neill for his services to the Company.

“On behalf of my fellow directors, the Company’s management team and our shareholders, I’d like to thank Brian for the contributions he made during his tenure on Pure Global’s board,” CEO & President, Malay Panchal said. “We are currently evaluating our alternatives and will look to fill the vacant role with a suitably qualified and experienced individual,” Mr. Panchal further added.  

ABOUT PURE GLOBAL CANNABIS

Pure Global is a cannabis manufacturing company led by experienced pharma, biotechnology, horticultural, and consumer packaged goods experts. The Company’s wholly owned subsidiary, PureSinse Inc., is a licensed producer under the Cannabis Act. The Company’s Brampton campus houses facilities for vertically farmed cultivation, R&D, extraction, processing, and GMP-compliant manufacturing. Pure Global manufactures bulk cannabinoid extracts, as well as branded and white-labeled cannabis products for the medical, wellness, health & beauty, food & beverage, and adult legal markets, with formulated and purified concentrates, distillates, extracts and dried flower. Pure Global is also in the process of deploying a joint operation in China for large scale hemp derived bulk cannabidiol (“CBD”) manufacturing and processing for international bulk and finished product sale.

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements about Pure Global's future plans and intentions.  Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Pure Global cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Pure Global assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Further Information

For further information regarding Pure Global, please contact:

Stephen Pynn
VP Corporate Development
Telephone: 1-866-899-PURE (7873)
E-mail: stephen@pureglobal.com

Malay Panchal
President & CEO
Telephone: 1-866-899-PURE (7873)
E-mail: info@pureglobal.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.